The trading price of Sprott Physical Silver Trust (NYSE:PSLV) closed lower on Friday, June 13, and closing at $12.19, -0.08% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $12.12 and $12.2299. In examining the 52-week price action we see that the stock hit a 52-week high of $12.37 and a 52-week low of $9.12. Over the past month, the stock has gained 12.97% in value.
Sprott Physical Silver Trust, whose market valuation is $6.75 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest PSLV has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that PSLV’s price is currently 5.57% off the SMA20 and 9.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.81, and weekly volatility stands at 0.38%. When measured over the past 30 days, the indicator reaches 1.48%. Sprott Physical Silver Trust (NYSE:PSLV)’s beta value is currently sitting at 0.53, while the Average True Range indicator is currently displaying 0.21.
To see how Sprott Physical Silver Trust stock has been performing in comparison to its peers in the industry, here are the numbers: PSLV stock’s performance was -0.08% in the latest trading, and 23.76% in the past year.
An evaluation of the daily trading volume of Sprott Physical Silver Trust (NYSE:PSLV) indicates that the 3-month average is 40.40 million. However, this figure has increased over the past 10 days to an average of 36.63.
Currently, records show that 553.88 million of the company’s shares remain outstanding. However, since the stock’s price has seen 26.32% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
